Jet Freight to acquire 45% stake in UAE-based Natwest Trade and Logistics

Listed Co AcquisitionStrategic Transactions View source PDF

JETFREIGHT · price

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Price reaction · full curve 14 horizons · vs prior close

+5.4%1-day move

₹23.70

prior close

₹24.19

base price

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AI summary

Jet Freight Logistics will acquire 45% stake in UAE-based Natwest Trade and Logistics Services FZCO for Rs 18 Crores in cash, paid in tranches. Target, incorporated Nov 2024 in Dubai, runs freight brokerage and tech-driven logistics with FY25 turnover of AED 3.5 lakh. Deal aims to expand global logistics footprint. Completion expected within 2 years. Not a related party transaction.

Likely market impact

Strategic international expansion into UAE logistics hub; small target size suggests growth-oriented bet. May take up to 2 years to fully complete.